READ. SCROLL. LISTEN.

Original briefings. Zero spin.

Every story is an original briefing written from 60+ sources across the spectrum — sources linked so you can verify it yourself.

us finance 6 7h ago 3 min read

Ellison Defends Paramount-Warner Bros. Merger in NYT Op-Ed as State AG Antitrust Suit Continues

David Ellison, CEO of Paramount Skydance, published a New York Times op-ed defending his takeover of Warner Bros. Discovery against an antitrust lawsuit filed by roughly a dozen Democratic state attorneys general, led by California Attorney General Rob Bonta. Ellison's public defense of his editorial intentions for CNN shows how tangled business and politics have become in this deal, even as the underlying antitrust case moves forward in federal court.

L
R Slight Left
1 source
us finance 4 14h ago 4 min read

Financial Advisors Now Recommend Retirees Keep 40% to 80% of Portfolios in Stocks

The old rule of dumping stocks the day you retire is dead. Advisors now say retirees need real equity exposure, often 40% to 80% of the portfolio, to survive 30 years of inflation and rising costs without going broke.

L
R Center
1 source
us finance 2 14h ago 4 min read

'Moneymaxxing' Is TikTok's Word for Budgeting. Here's Why It's Trending Now

Social media has a new label for an old idea: cutting waste, chasing rewards points, and parking cash in high-yield savings. Financial advisors say the branding matters less than the fact that Americans need it, with credit card debt at $1.14 trillion and rising.

L
R Center
1 source
us finance 6 17h ago 4 min read

Berkshire Hathaway Ends 14-Quarter Selling Streak as Greg Abel Deploys $19.8 Billion Into Stocks

Berkshire Hathaway's operating earnings climbed 16% to $12.98 billion in the second quarter, but the real news is that CEO Greg Abel finally started spending Warren Buffett's cash pile. Abel put nearly $20 billion into stocks, dropped $10 billion on Alphabet, restarted buybacks at the highest level in five years, and still has $365.5 billion sitting in reserve.

L
R Center
4 sources
us finance 4 18h ago 4 min read

Otis Elevator Stock Is Down 15% This Year While It Fixes a Service Problem It Created

Otis, the world's largest elevator company, wants investors to treat it as a steady, boring, recession-proof stock. Its own service business stumbled at the same time Wall Street cash chased AI plays, and the stock is now down roughly 15% year-to-date. The fix is straightforward and already underway, but it costs money before it pays off.

L
R Center
1 source
us finance 7 19h ago 4 min read

Banks and Private Credit Giants Are Merging Their Business Models, and CLO Market Data Shows It

Big banks like J.P. Morgan, Citigroup and Wells Fargo are handing off leveraged lending to private credit shops like Apollo and Centerbridge in deals now totaling well over $90 billion. CLO issuance data and a Lord Abbett fund manager's own comments show a market growing fast, pricing risk with wider spreads, and still largely operating outside the regulatory sunlight banks live under.

L
R Center
3 sources
us finance 6 23h ago 4 min read

S&P 500 Hits Record Highs This Week on a Record Wave of Call-Option Buying

The S&P 500 climbed 3.6% this week and topped 7,700 for the first time, powered less by fresh fundamentals and more by a record 4 million-plus call options trading in a single session on Tuesday, August 4. Options desks and dealer hedging mechanics did a lot of the heavy lifting, and the VIX briefly rose alongside stocks, a pattern that shows up on roughly one in five trading days but is worth watching.

L
R Center
4 sources
in finance 4 1d ago 3 min read

Canadian Pension Giant PSP Investments Weighs $1.5 Billion Sale of Indian Toll Road Assets

PSP Investments, one of Canada's largest public pension funds, is exploring a sale of its Indian road portfolio worth roughly $1.5 billion including debt, according to Bloomberg. The fund has hired an advisor but says no final decision has been made, and it's a normal capital-recycling move, not a red flag on India.

L
R Center
2 sources
us finance 5 1d ago 3 min read

Muni Bond Market on Pace for $580 Billion in New Issuance This Year, BlackRock Says

BlackRock's municipal bond team says 2026 is shaping up to be a record year for both new issuance and cash flowing into muni bonds. For high earners paying federal and state taxes, munis remain one of the few places to get a real after-tax return without taking on much credit risk.

L
R Center
1 source
us finance 4 1d ago 4 min read

Doximity Stock More Than Doubles After CEO Claims AI Search Tool Beats Anthropic on Safety and Margins

Doximity shares briefly spiked over 200% in premarket trading Friday, then settled up 33% for the day, after CEO Jeff Tangney said the company's AI tools post better safety scores than Anthropic and earn 10 times their operating cost per search. A modest earnings miss on EPS got buried under the AI hype, and analysts are already warning the rally outran the actual numbers.

L
R Center
4 sources
us finance 6 1d ago 4 min read

CFTC Tells Prediction Markets to Ditch Sportsbook-Style Odds Amid State Gambling Lawsuits

The CFTC sent letters warning regulated prediction market platforms to stop displaying bets using American-style plus/minus gambling odds, according to Bloomberg. The move comes as Kalshi and similar platforms fight lawsuits and injunctions from New York, Washington, Wisconsin and Utah over whether their sports contracts are just unlicensed betting with extra steps.

L
R Center
3 sources
us finance 5 1d ago 3 min read

Consumer Credit Jumped $14.17 Billion In June As Credit Card Debt Neared Record High

The Federal Reserve reported consumer credit rose $14.17 billion in June, blowing past the $11.9 billion estimate and reversing May's rare decline. Credit card debt climbed back to $1.351 trillion, just $1 billion off the all-time high, while credit card interest rates hit 22.15%, the highest in three years.

L
R Center
1 source
us finance 6 1d ago 3 min read

S&P 500 Hits Record Close After Weak Jobs Report Sparks Bets on Fed Rate Pause

The S&P 500 closed at a record 7,757.64 Friday after July payrolls showed a surprise loss of 23,000 jobs, prompting traders to bet the Fed will hold rates steady in September instead of hiking. All three major indexes logged their best week since April, but a weakening labor market cutting both ways for markets is worth watching closely.

L
R Center
1 source
us finance 5 1d ago 1 min read

Norway's $2.3 Trillion Fund Opposes SEC Idea to Rescind Climate Reporting

Norway's $2.3 trillion fund is pushing back on a reported SEC idea to rescind corporate climate reporting requirements, according to OilPrice.com. The fund wants US companies to keep disclosing climate-related risk to investors.

L
R Slight Left
1 source
us finance 5 1d ago 3 min read

SpaceX Pre-IPO Investors Say Fund Manager Sold Their Shares Years Ago Without Telling Them

Investors in special purpose vehicles run by Late Stage Management thought they owned pre-IPO SpaceX shares worth hundreds of thousands of dollars after SpaceX's June IPO. According to the Wall Street Journal, at least four of them say the underlying shares were quietly sold back in 2024, and they only found out after the IPO priced. The SEC and FBI are reportedly already talking to at least one investor. Complaints are filed, no charges exist yet, and Late Stage Management hasn't been shown in these reports to have publicly answered the specific allegations.

L
R Center
1 source
gb finance 7 1d ago 3 min read

UK Clears Paramount-Warner Bros Deal, Becomes 66th Regulator to Sign Off

Britain's Competition and Markets Authority and Culture Secretary Lisa Nandy cleared Paramount Skydance's roughly $81-111 billion takeover of Warner Bros Discovery this week, after Paramount agreed to keep Channel 5 as a public broadcaster through 2034 and keep HBO Max separate from Paramount+. The deal is now approved in 66 jurisdictions worldwide, but a coalition of Democrat state attorneys general has it stuck in U.S. court until at least March.

L
R Slight Right
4 sources
us finance 5 1d ago 4 min read

Rockstar Energy Founder Buys 12 Million Celsius Shares, Demands CEO John Fieldly Be Fired

Russ Savage, who built Rockstar Energy and sold it to PepsiCo for over $4 billion, now owns a 4.7% stake in Celsius Holdings and is publicly calling for CEO John Fieldly, the COO, and top marketing executives to be ousted. The demand follows an 18% stock plunge this week after Celsius missed Wall Street's earnings estimates.

L
R Center
1 source
us finance 6 2d ago 4 min read

Kalshi and Polymarket Now Let Users Bet on Clinical Trial Outcomes and FDA Drug Approvals

Prediction markets Kalshi and Polymarket have started offering wagers on whether clinical trials succeed and whether the FDA approves new drugs. The companies call it useful market information; researchers and at least one patient's family call it a system where strangers profit off sick people's suffering.

L
R Slight Left
1 source
cn finance 5 2d ago 4 min read

DeepSeek Founder's Hedge Fund Lost 15.7% in a Week as China's AI Stock Rout Hit Quant Traders

Liang Wenfeng's High-Flyer Asset Management, the firm behind DeepSeek, saw a fund tracking the CSI 1000 Index drop 15.7% in the week ending July 17, as an AI and semiconductor selloff hammered China's quant hedge fund industry. Some investors blamed quant funds for accelerating the crash, but data from China's own securities fund association shows several were actually net buyers during the worst sessions.

L
R Center
2 sources
ir finance 5 2d ago 3 min read

Oil Climbs on Iran Tensions, Treasury Yields Rise Ahead of Jobs Report

Oil prices rose on Iran-related supply worries while Treasury bonds sold off ahead of the U.S. jobs report. Meanwhile a $1.25 billion natural gas deal and a fresh Trump-Canada tariff spat show the energy and trade fights aren't slowing down.

L
R Center
1 source